U.S. Oil Firms Restoring Operations in Storm-tossed Gulf of Mexico
Oil producers on Thursday were checking Gulf of Mexico production platforms and beginning to return crews to more than 90 offshore facilities evacuated this week as Hurricane Michael moved through the Gulf.Production shut-ins that temporarily halted 42 percent of Gulf oil output and nearly a third of natural gas production was restarting in some areas.BP Plc conducted its first flyovers on Wednesday to check the status of four platforms that were evacuated…
U.S. Natgas pipeline companies seek FERC decisions before Bay leaves
Three U.S. natural gas pipeline companies on Friday asked the U.S. Federal Energy Regulatory Commission (FERC) for permission to move forward on their projects by Feb. 3, which is when one of the FERC commissioners will step down. Only one of the three companies, Nexus Gas Transmission, specifically said it was making the request for a certificate to build its pipeline because Norman Bay, the former FERC chairman, said he would step down at the end of next week.
Duke Energy, Piedmont & Dominion to Build Atlantic Coast Pipeline
Duke Energy and Piedmont Natural Gas today announced the selection of Dominion to build and operate a 550-mile interstate natural gas pipeline from West Virginia, through Virginia and into eastern North Carolina to meet the region’s rapidly growing demand for natural gas. Called the “Atlantic Coast Pipeline,” it also is expected to serve as a key infrastructure engine to drive economic development and create jobs…
Carolina CAT Leads NC Solar Farm Project
Carolina CAT Power Systems, a provider of service, parts and sales of power generation equipment, is completing the final stages of construction for a new 10-acre solar farm in Shelby, N.C. Scheduled to open in late June 2015, the site will contain 9,828 panels and produce 3MW DC of electricity, enough to power approximately 250 homes, which will be procured by Duke Energy and added back to the North Carolina power grid.
Duke Energy Financial Miss Estimates on Mild Summer
Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly revenue and profit as a milder summer hit demand and expenses rose. The company's shares were down 1.5 percent at $81.00 before the bell on Wednesday. Duke said demand was hurt by a below normal weather in the Carolinas and in the Midwest. The company's income from its international energy unit was hurt by lower volumes and higher purchased power costs in Latin America.